Workforce rewards and executive compensation – Fall 2019

Various workforce rewards and executive compensation developments have occurred since the publication of our last Client Advisory. Key items of interest include:

Workforce Rewards and Pay Equity:

• Federal consultations on modernizing labour standards
• Federal consultations on changes to the Wage Earner Protection Program
• British Columbia passes Employment Standards Act and Labour Relations Code reforms
• Minimum wage developments

Corporate Governance and Regulatory Compliance:

• Say-on-pay vote results
• Federal budget bill receives Royal Assent: Various reforms in force or pending
• Draft amendments to the federal Employment Equity Regulations
• Federal corporate diversity disclosure amendments, effective January 1, 2020
• Proposed Income Tax Act amendments on employee stock options
• CSA review of disclosure regarding women on boards and in executive officer positions
• Board diversity in British Columbia
• Promoting participation of women on boards
• U.K. government report on executive rewards
• Gender wage gap in the U.S.